Despite Possible Earnings Beat, Amazon Shares May Sputter
by John Kozey
Don't be surprised if investors in Amazon (AMZN) shares will be acting more like they're from Missouri, the "Show Me" state. Amazon's latest quarterly earnings might very well beat the Thomson Reuters mean estimate of -$0.08/share, according to StarMine's SmartEstimate of best-rated analysts who follow the stock. But one has to wonder when Amazon can convert its revenue growth into earnings, given the lofty price investors are paying today to own the stock, and at what point earnings will begin to matter. read more »
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